571 Rd Atwater, CA 95301

Property Details for 571 Rd

Lot size

11.00 lot acres

Property size

18,562 SF

Property type

Commercial real estate

Description

This exceptional commercial property, a former Rite Aid, presents a unique investment opportunity in Atwater, CA. The building boasts a substantial 18,562 square feet of ground floor space, complemented by an additional 704 square feet of mezzanine area. Currently in shell condition, this space offers significant potential for redevelopment and customization. Its prime location within the Atwater Village Shopping Center ensures high visibility and accessibility. The shopping center itself comprises 95,346 square feet and features a strong tenant mix, including Sam's Supermarket, Mountain Mike's Pizza, and TriCounty Flooring, among others. The center provides ample parking with a generous 491 spaces, resulting in a 5.15 spaces per 1,000 square feet ratio. The property benefits from its strategic position at the northwest corner of a major intersection, where Bellevue Road, Shaffer Road, and First Street converge. This high-traffic location offers excellent exposure to a large customer base. Nearby, a variety of national and regional retailers further enhance the area's commercial appeal, including Taco Bell, Wendy's, McDonald's, Starbucks, Subway, Pizza Hut, Little Caesar's, Food4Less, Grocery Outlet, Walgreens, AutoZone, O'Reilly Auto Parts, Citi Bank, Westamerica Bank, and the Merced School Employees Federal Credit Union. The property is offered at $1.00 per square foot, NNN, with 2024 NNN expenses estimated at $0.29 per square foot. This presents a compelling opportunity to acquire a well-situated retail space in a thriving commercial area. The property sits on an 11-acre lot.

Location Insight

City

Atwater

County

Merced

State

California

Longitude

-120.599

Latitude

37.3487